Terms of employment during life-course leave Sample Clauses

Terms of employment during life-course leave. 1 The provisions of paragraphs 2 to 4, inclusive, apply instead of or in addition to the other provisions of this CAO. 2 During the life-course leave the employee has no entitlement to salary, allowances, bonuses and reimbursements. No holiday hours are accrued during the period of life-course leave. 3 The employee’s income during the period of life-course leave shall consist of a payment from his life-course credit. The amount of this payment shall be determined by the employee. The benefit shall be paid to the employer by the institution managing the life-course savings scheme. The employer shall pay the benefit to the employee after deducting wage tax and the pension contribution. 4 In accordance with the pension scheme regulations of the ABP pension fund, pension accrual shall take place on a collective basis at the average premium during the first year of the life-course leave. If the life-course benefit amounts to at least 70% of the income prior to the leave, the pension accrual shall be based on the pensionable income prior to the leave. If the life-course benefit amounts to less than 70% of the income prior to the leave, the pension accrual shall be based on the actual income from the life-course credit.
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Terms of employment during life-course leave. 1 The provisions of paragraphs 2 to 6 apply instead of or in addition to the other provisions of this CAO. 2 During the life-course leave the employee has no entitlement to salary, allowances, bonuses and reimbursements. No holiday hours are accrued during the period of life-course leave. 3 The employee’s income during the period of life-course leave shall consist of a payment from his life-course credit. The amount of this payment shall be determined by the employee. The benefit shall be paid to the employer by the institution managing the life-course savings scheme. The employer shall pay the benefit to the employee after deducting wage tax and the pension contribution. 4 In accordance with the pension scheme regulations of the ABP pension fund, pension accrual shall take place on a collective basis at the average premium during the first year of the life-course leave. If the life-course benefit amounts to at least 70% of the income prior to the leave, the pension accrual shall be based on the pensionable income prior to the leave. If the life-course benefit amounts to less than 70% of the income prior to the leave, the pension accrual shall be based on the actual income from the life-course credit. During the first six months of the period of leave the pension premium shall be paid on the basis of the normal division of the premium between the employer and the employee. If the leave lasts for longer than six months, after six months the premium shall be paid in full by the employee. If the employee takes part-time life-course leave the period during which the premium is paid according to the normal division between the employer and the employee shall be extended proportionately. 5 The date on which the employer increases the employee’s salary to the next higher amount in the scale shall remain unchanged to the extent that the period of life-course leave does not last longer than six months or if the life-course leave is taken part-time. If the life-course leave lasts longer than six months, the date on which the salary is increased to the next higher amount in the scale shall be deferred by the number of complete months by which the leave exceeds six months. 6 The health insurance shall be maintained during periods of life-course leave. The employer shall pay the statutory income-dependent contribution on the benefit from the life-course credit in the usual way. 7 Employees wishing to perform outside activities during a period of life-course leave must ...
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Related to Terms of employment during life-course leave

  • Employment During Unpaid Maternity Leave Where less than the 52 weeks Other Parent Leave is taken paid or unpaid, the unused portion of the leave cannot be banked or preserved in any way.

  • Non-Competition During Employment Executive agrees during the Basic Term, and any extension of the Basic Term under this Agreement, he will not compete with the Company by engaging in the conception, design, development, production, marketing, or servicing of any product or service that is substantially similar to the products or services which the Company provides, and that he will not work for, in any capacity, assist, or became affiliated with as an owner, partner, etc., either directly or indirectly, any individual or business which offer or performs services, or offers or provides products substantially similar to the services and products provided by Company.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Sick Leave During Leave of Absence (F/T) When an Employee is given leave of absence without pay for any reason, or is laid off on account of lack of work, he/she shall not continue to accumulate sick leave and shall not be entitled to receive pay for sickness for the period of such absence, but shall retain his/her cumulative credit, if any, existing at the time of such leave or lay-off.

  • Death During Employment If the Executive dies during the term of employment and has not attained the age of seventy years, the Corporation and/or any third party insurance provided by the Corporation, through a coordination of benefits, shall pay the estate of the Executive a death benefit equal to two times the Executive's annual salary. In the event the Executive receives death benefits payable under any group life insurance policy issued to the Corporation, the Corporation's liability under this clause will be reduced by the amount of the death benefit paid under such policy. The Corporation shall pay any remaining death benefits to the estate of the Executive over the course of twelve (12) months in the same manner and under the same terms as the Executive would have been paid if he had still been working for the Corporation. No later than one (1) month from the date of death, the estate of the Executive will also be paid any accumulated vacation pay. Such payments pursuant to this paragraph shall constitute the full compensation of said Executive and he and his estate shall have no further claim for compensation by reason of his employment by the Corporation.

  • Benefits During Leave Employees are encouraged to contact the Employer’s Benefits Office (phone # 000-000-0000, xxxxxxxx@xx.xxx) prior to any leave without pay to understand impact on benefits and learn about other points to consider.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Duty of Loyalty During Employment I agree that during the period of my employment by Company I will not, without Company’s express written consent, directly or indirectly engage in any employment or business activity which is directly or indirectly competitive with, or would otherwise conflict with, my employment by Company.

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Employment Relations Education Leave Employment Relations Education Leave will be allowed in accordance with the Employment Relations Act.

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